"Upgradation of the existing Fiber Optics Network and increase in government funding is expected to drive the growth of the fusion splicer market"

The fusion splicer market worldwide is expected to grow with a CAGR of 4.7% during the forecast period from 2021 to 2029, starting from US$ 653.4 Mn in 2020. Many nations are focusing on the innovations and the expansions in fiber optic network in numerous telecommunication projects, which would in turn help to increase the market demand for the fusion splicer systems in future. In the month of March 2019, Fujikura Ltd. came up with two new tools the RS02 and the RS03 for the purpose of stripping the telecommunication optical fiber. These fiber-stripping tools are being designed and developed with an emphasis on the operability and the usability, where the less force is required for performing the stripping process. Nevertheless, high cost of the equipment and the lack of technical skills is projected to restrict the growth of the market.

"Telecom and Enterprise application to Continue Dominating the Market"

Sensing high market demand for the fusion splicers across telecom and enterprise industry verticals, market players are putting high focus on growing their product offerings of advanced products for the purpose of enhancing their market reach and the sales revenues. This particular aspect of the fusion splicer market has largely exhilarated the decision of the NanJing CO., LTD. to expand company’s product offerings. Similarly, in the month of September 2020, Sumitomo Industries, Ltd. Came up with the splicer T-57, which is the modernized version of prior splicer, T-55. This new product has enhanced features like better portability, large battery capacity, less heating time and the smart user interface among others.

Additionally, gauging the increasing consumer inclination towards the innovative and the technologically advanced products, enterprises are determined to reinforce their technological capabilities. Companies are doing so via cooperation agreements with the leading enterprises, companies and research institutes.

"Asia Pacific to Register the Fastest Growth"

Based on the geography, Asia Pacific is projected to grow at highest CAGR during forecast period. APAC market growth can be accredited to several initiatives by governments in the region and many key players in fusion splicer ecosystem who are spending more for the purpose of upgrading and expanding fiber optic network, thereby causing the increased adoption of the fusion splicers. In the month of February 2021,Furukawa Electric Co., Ltd launched FITEL s185 series of fusion splicers . This series is more compact and splicers are more efficient which are being specifically designed for splicing the special optical fibers that are being used in the optical components, optical sensors and fiber lasers.

Some of the major companies profiled in the report include Sumitomo Electric Industries, Ltd. , Furukawa Electric Co., Ltd. , Ilsintech Co., Ltd. , Fujikura Ltd. , INNO Instruments, Inc. , Darkhorsechina (Beijing) Telecom. Tech. Co., Ltd. , Nanjing DVP O.E. Tech. Co., Ltd. , Eloik Communication Equipment Technology Co., Ltd., Shenzhen Ruiyan Communication Equipment Co., Ltd., Shanghai Xianghe Optical Fiber Communication Co., Ltd. among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Fusion Splicer market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Fusion Splicer market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Fusion Splicer market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Fusion Splicer market?
• Which is the largest regional market for Fusion Splicer market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Fusion Splicer market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Fusion Splicer market worldwide?